A whole new ballgame in space

The past 50 years in space have been defined by governments, but the future belongs to private companies.

Why it matters: The space industry is growing, and what was once the purview of nations is increasingly being taken over by companies looking to profit from their work in space. That new dynamic will shape the coming decades in orbit and beyond.

The big picture: Morgan Stanley predicts space could become a $1 trillion industry by 2040, built on the ideas of private companies and nations that back them.

  • Nations have historically been focused on scientific missions and exploration, but private companies like Elon Musk’s SpaceX and Jeff Bezos” Blue Origin have different goals.
  • They want to establish a permanent human presence on Mars and bring about a future where millions of people are living and working in space.
  • To do that, the cost of launching infrastructure — like satellites, telescopes and other tools — needs to come down, and a lot more people need to go up.

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Πηγή: axios.com

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